Press Information Bureau (PIB)- 08th June to 14th June, 2017

Press Information Bureau (PIB)- 08th June to 14th June (PIB Weekly Compilation)


Archive



National Level Conference on “Capacity Building of SDRFs-2017”

{Disaster management, GS-3}

Source: PIB


National Level Conference on “Capacity Building of SDRFs-2017.

  • The conference was organised by National Disaster Response Force (NDRF) to develop a synergy and to highlight way ahead to strengthen the response capabilities of State Disaster Response Forces (SDRFs).
  • National level conference on capacity building of SDRF-2017, the Union Home Secretary, Shri Rajiv Mehrishi addressed the delegates from the states. He emphasized that NDRF and SDRFs to work together on Disaster Risk Reduction (DRR) by educating the community and adopt new technologies to tackle the new emerging challenges besides their primary role.
  • The strengthening of SDRF by specialized training and equipping with latest gadgets for prompt and timely response to disaster.
  • The Home Secretary also assured State representatives to provide every possible help for making SDRF a self- contained response Force.

India signs the Multilateral Convention to implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) in Paris

{Internation Relation GS-2, Economy GS-3}

Source: PIB


The Union Minister of Finance, Defence and Corporate Affairs signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) at a ceremony held at the OECD Headquarters in Paris reaffirming India’s commitment to co-operate in the global efforts to tackle aggressive tax planning.

Background:

Signatories representing 68 jurisdictions signed the Convention which will have the effect of amending most of the bilateral tax treaties of the signatory jurisdictions in respect of treaty related measures under the Base Erosion and Profit Shifting (BEPS) package for preventing artificial tax avoidance, prevention of treaty abuse, and improve dispute resolution.

Significance of this move:

  • The event marks a milestone in the global efforts to check tax evasion and tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax jurisdictions where there is no or little economic activity resulting in no or little overall corporate tax being paid.
  • The Multilateral Convention aims at swift and consistent implementation of the treaty related BEPS measures. India has been a very active player in this global initiative and has significantly contributed to the development of the new international standards under the BEPS package.
  • India would welcome more and more jurisdictions to become signatories the Multilateral Convention and also include more of their bilateral treaties as Covered Tax Agreements.

Convention:

  • The Convention will ensure that the minimum standards regarding prevention of treaty abuse and amelioration of the international tax dispute resolution process are implemented in all Covered Tax Agreements quickly.
  • Other BEPS outcomes such as amendment of the definition of the term ‘Permanent Establishment’ to plug unintended interpretation leading to fiscal evasion, prevention of double non-taxation of hybrid entities, time threshold for treaty benefits to dividend and capital gains transactions will be incorporated in the Covered Tax Agreements where all Contracting Parties agree.

‘DigiYatra’- A New Digital Experience for Air Travellers

{Human geography GS-1, Sci & Tech GS-3}

Source: PIB


The Ministry of Civil Aviation is adding a Digital experience for Air Travellers through DigiYatra Platform.

  • The ‘DigiYatra’ is an industry-led initiative co-ordinated by the Ministry in line with the Prime Minister Digital India’s vision to transform the nation into a digitally empowered society.
  • This follows Air Sewa which brings together all the stakeholders on a common platform for handling customer grievances and disseminating real-time data.

DigiYatra:

  • The Minister of State for Civil Aviation, the report on ‘DigiYatra’.
  • ‘DigiYatra’ initiative aims to bring together entire industry to develop a digital ecosystem that will deliver Indian customers a seamless, consistent and paperless service experience at every touch point of their journey.
  • DigiYatra initiative envisages providing airline travellers in India, a pioneering ‘digitally unified flying experience’ across all stages of their journey.

Augmenting Cancer treatment facilities in the North East

{Social Development GS-1,2,3}

Source: PIB


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following:

  • Taking over Dr. B. Borooah Cancer Institute, Guwahati by Department of Atomic Energy (DAE) and bringing it under the administrative control of Tata Memorial Centre, an Aided institution of DAE;
  • The decision comes in the wake of the increasing instances of cancer, limited cancer treatment facilities and the need for a hospital support to carry out further research in North Eastern Region.
  • The approximate non-recurring expenditure for strengthening of institute is estimated at Rs. 150 crore and annual recurring expenditure is estimated at Rs. 45- 50 crore.

Background:

Borooah Cancer Institute was established in 1974 in Guwahati with the aim and objective of investigation, diagnosis and treatment of cancer in the North Eastern region of India by a voluntary organization. Government of Assam took over the institute with all its assets and liabilities in 1986 and entered into a tripartite agreement with the Department of Atomic Energy (DAE) and North Eastern Council for management of the institute. The institute is presently a 209 bedded hospital with 8 bedded ICU.

Tata Memorial hospital under DAE is a premier research institution in the field of cancer research and treatment. TMC under the aegis of DAE has been extending financial and technical support to the institute since 1989. Chief Minister of Assam in October 2013 had proposed that DAE should take over the institute to develop it as a center for excellence for cancer treatment, education and research for the entire North East.

Note:-  Augmenting stand for Something Under Developed or well UnderWay


SATH program launched by NITI Aayog

{Governance GS-2, Social Development GS-3}

Source: PIB


Furthering the agenda for cooperative federalism, NITI Aayog has launched SATHa program providing ‘Sustainable Action for Transforming Human capital’ with the State Governments.

The vision of the program is to initiate transformation in the education and health sectors. The program addresses the need expressed by many states for technical support from NITI.

SATH program

  • SATH aims to identify and build three future ‘role model’ states for health systems.
  • NITI will work in close collaboration with their state machinery to design a robust roadmap of intervention, develop a program governance structure, set up monitoring and tracking mechanisms, hand-hold state institutions through the execution stage and provide support on a range of institutional measures to achieve the end objectives.
  • The program will be implemented by NITI along with McKinsey & Company and IPE Global consortium, who were selected through a competitive bidding process.

Selection of states:

  • To select the three model states, NITI defined a three-stage process – expression of interest, presentations by the states and assessment of commitment to health sector reforms.
  • States will be selected on the basis of evaluations and objective assessment of criteria affecting the potential for impact and likelihood of success. Metrics such as MMR, IMR, incidence of malaria and others have been considered for determining potential impact while density of doctors and nurses, compliance to IPHS norms are some of the metrics used to determine likelihood of success.

President of India launches mobile app ‘Selfie with Daughter’

{Society & Justice GS-1,2}

Source: PIB


In news:

  • The President of India, Shri Pranab Mukherjee launched a mobile Application ‘Selfie with Daughter’ at Rashtrapati Bhavan (June 9, 2017). The ‘Selfie with Daughter’ campaign was started by Shri Sunil Jaglan in June 2015 in village Bibipur, Jind, Haryana. A former Sarpanch, Shri Jaglan has been working in the field of women empowerment and village development.
  • The aim of the campaign is to motivate society to feel proud to be parents of a girl child which will result in improving the child sex ratio.
  • Selfie-with-Daughter has become a world-wide movement against female foeticide and sex selection.
  • This would eventually help in dealing with the problems arising out of gender imbalance and will promote woman empowerment in Society.
  • The App is an innovative concept and an act of gentle persuasion.

Sex ratio in India:

In the Population Census of 2011 it was revealed that the population ratio of India 2011 is 940 females per 1000 of males. The Sex Ratio 2011 shows an upward trend from the census 2001 data. Census 2001 revealed that there were 933 females to that of 1000 males.


22ND APEDA Annual Award

{Food Processing GS-3}

Source: PIB


In news:

  • In order to felicitate the exporters for their distinguished service in exportsof Indian Agro and Processed Food, 82 awards were presented for the years 2014-15 and 2015-16. The awards were in the following categories: Diamond – 2 Gold – 33 Silver – 29 Bronze – 18.

Allanasons Ltd. got the “Diamond Trophy” for both years for their outstanding export performance and overall contribution in food sector.

About APEDA:

  • Agricultural and Processed Food Products Export Development Authoritypopularly known as APEDA is an apex body of the Ministry of Commerce, Government of India, to promote the export of agricultural commodities and processed food products.
  • APEDA links Indian exporters to global markets besides providing comprehensive export oriented services. APEDA provides referral services and suggest suitable partners for joint ventures.
  • APEDA’s export basket ranges from typically Indian ethnic products like pickles, chutneys, sauces, curries etc. to rice, honey, fresh and processed fruits and vegetables, beverages, guar gum, poultry, livestock products, confectionery, cut flowers, food grains, aromatic plants and other Indian delicacies.

India’s agro-product exports:

  • India has emerged as 7th largest exporter of agro-products.
  • APEDA in association with the concerned line Ministries is addressing issues relating to market access. The total merchandise exports during 2016-17 stood at 276.28 billion US$ out of which agri exports comprised of 33.38 billion US$ representing 12.08% of the total exports.
  • Exports of food products monitored by APEDA during 2016-17 stood at 16.28 billion US$ (Rs.1,08,867.17 crore) representing 48.77% of Agri exports from the country.
  • Vietnam, UAE, Saudi Arabia, USA, Iran, Iraq and Nepal are the major destinations for export of food products from India.

India to be Co-Partner Country in ANUGA 2017

{Agriculture & Food Processing GS-3}

Source: PIB


India has signed the Memorandum of Understanding(MoU) for Participation in the ANUGA Exhibition with Ms Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (Organizers of ANUGA).

ANUGA

  • ANUGA – an acronym for Allgemeine Nahrungs Und Genußmittel Ausstellung (General Food and Non- essential Provisions Exhibition) is the world’s biggest and most important trade fair for Food and beverage trade. It is Organised in every 2 years. ANUGA 2017 is the 34th edition.
  • ANUGA offers an extensive supporting programme with Lectures, Special exhibition and attractive industry events
  • ANUGA is the leading export platform with 7,189 exhibitors from 109 countries with over 85% of Exhibitors from abroad.
  • 1,60,000 decision makers from the retail and out-of-home market from 192 countries visited during last ANUGA. 66% of the industry visitors are foreigners.

Successful Flight Test of ATGM Nag

{Defence GS-3}

Source: PIB


  • The Anti-Tank Guided Missile Nag was successfully flight tested in the desert ranges of Rajasthan.
  • Nag is a third-generation, fire-and-forget, anti-tank guided missile developed by India’s state-owned Defence Research and Development Organisation (DRDO) to support both mechanised infantry and airborne forces of the Indian Army.
  • The missile incorporates an advanced passive homing guidance system and possesses high single-shot kill probability. It is designed to destroy modern main battle tanks and other heavily armoured targets.
  • Nag can be launched from land and air-based platforms. The land version is currently available for integration on the Nag missile carrier (NAMICA), which is derived from a BMP-2 tracked infantry combat vehicle.
  • The Nag missile was indigenously developed under the Indian Ministry of Defence’s integrated guided missile development programme (IGMDP), which also involved the development of four other missiles that are Agni, Akash, Trishul and Prithvi.

Congenital Adrenal Hyperplasia (CAH) (a inherited disorder)

{Society GS-1, Social Issue}

Source: PIB


Parents of a CAH(inherited disorder) child, have started a support group called ‘CAH Support India’ (www.cahindia.org) involving a community of parents, grandparents and caregivers of CAH children. The International Coalition for Endocrine Patient Support Organizations worldwide has listed this support group as the first such group for endocrine disorders in India.

CAH

  • CAH is an inherited disorder that affects the adrenal glands where the glands cannot produce cortisol and aldosterone, and instead produce an unwanted excess amount of androgens.
  • A child with CAH lacks enzymes the adrenal glands use to produce hormones that help regulate metabolism, the immune system, blood pressure, and other essential functions. Parents with children suffering from it often have great difficulty in the upbringing of the child, including treatment, getting school admission and other support issues.

Interest Subvention to banks on Short-Term crop loan to farmers

{Geography GS-1, Governance GS-2, AgroEconomy GS-3}

Source: PIB


In news:

  • The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18.
  • The objective of the scheme is to make available at ground level, agricultural credit for Short Term crop loans at an affordable rate to give a boost to agricultural productivity and production in the country.
  • This will help farmers getting short term crop loan up to Rs. 3 lakh payable within one year at only 4% per annum.  The Government has earmarked a sum of Rs. 20,339 crore for this purpose.
  • The interest subvention will be given to Public Sector Banks (PSBs), Private Sector Banks, Cooperative Banks and Regional Rural Banks (RRBs) on use of own funds and to NABARD for refinance to RRBs and Cooperative Banks.
  • The Interest Subvention Scheme will continue for one year and it will be implemented by NABARD and RBI.

The salient features of the scheme:

  • The Central Government will provide interest subvention of 5 per cent per annum to all prompt payee farmers for short term crop loan upto one year for loan upto Rs. 3 lakhs borrowed by them during the year 2017-18. Farmers will thus have to effectively pay only 4% as interest. In case farmers do not repay the short term crop loan in time they would be eligible for interest subvention of 2% as against 5% available above.
  • In order to give relief to small and marginal farmers who would have to borrow at 9% for the post harvest storage of their produce, the Central Government has approved an interest subvention of 2% i.e. an effective interest rate of 7% for loans upto 6 months.
  • To provide relief to the farmers affected by natural calamities, the interest subvention of 2% will be provided to Banks for the first year on the restructured amount.
  • In case farmers do not repay the short term crop loan in time they would be eligible for interest subvention of 2% as against available above.

Significance: 

Credit is a critical input in achieving high productivity and overall production in the agricultural sector.  The Cabinet’s  approval of a sum of Rs.20,339 crore to meet various obligations arising from interest subvention being provided to the farmers on short term crop loans, as also loans on post harvest storages meets an important input requirement of the farmers in the country.  This institutional credit will help in delinking the farmers from non-institutional sources of credit, where they are compelled to borrow at usurious rates of interest.


Financial Resolution and Deposit Insurance Bill 2017

{Governance GS-2, Economy (Banking & Insurance Sector GS-3)

Source: PIB


In news:

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017.

Key Points:

  • The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.
  • The Financial Resolution and Deposit Insurance Bill, 2017 seeks to give comfort to the consumers of financial service providers in financial distress.
  • It also aims to inculcate discipline among financial service providers in the event of financial crises by limiting the use of public money to bail out distressed entities.
  • It would help in maintaining financial stability in the economy by ensuring adequate preventive measures, while at the same time providing the necessary instruments for dealing with an event of crisis.
  • The Bill aims to strengthen and streamline the current framework of deposit insurance for the benefit of a large number of retail depositors. Further, this Bill seeks to decrease the time and costs involved in resolving distressed financial entities

Features:

  • The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation.
  • It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill.
  • It will also result in the repealing of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 to transfer the deposit insurance powers and responsibilities to the Resolution Corporation.
  • The Resolution Corporation would protect the stability and resilience of the financial system; protecting the consumers of covered obligations up to a reasonable limit; and protecting public funds, to the extent possible.

Background:

The Government has recently enacted the Insolvency and Bankruptcy Code, 2016 (“Code”) for the insolvency resolution of non- financial entities. The proposed Bill complements the Code by providing a resolution framework for the financial sector. Once implemented, this Bill together with the Code will provide a comprehensive resolution framework for the economy.



 

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